Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Cunningham David L Jr
 2. Date of Event Requiring Statement (Month/Day/Year)
02/01/2017		 3. Issuer Name and Ticker or Trading Symbol
FEDEX CORP [FDX]
(Last)
(First)
(Middle)
3610 HACKS CROSS ROAD, BUILDING A, 3RD FLOOR		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President / CEO FedEx Express
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

MEMPHIS, TN 38125		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 22,178
D
 
Common Stock 194
I
Retirement Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (Right to Buy)   (1) 06/02/2018 Common Stock 1,101 $ 90.81 D  
Non-qualified Stock Option (Right to Buy)   (1) 06/02/2018 Common Stock 11,499 $ 90.81 D  
Non-qualified Stock Option (Right to Buy)   (1) 01/11/2020 Common Stock 3,000 $ 86.845 D  
Non-qualified Stock Option (Right to Buy)   (1) 06/07/2020 Common Stock 12,065 $ 78.19 D  
Non-qualified Stock Option (Right to Buy)   (1) 06/06/2021 Common Stock 11,150 $ 89.105 D  
Non-qualified Stock Option (Right to Buy)   (1) 06/04/2022 Common Stock 12,580 $ 85.255 D  
Non-qualified Stock Option (Right to Buy)   (1) 06/03/2023 Common Stock 12,805 $ 96.865 D  
Non-qualified Stock Option (Right to Buy)   (1) 06/09/2024 Common Stock 10,025 $ 143.545 D  
Non-qualified Stock Option (Right to Buy)   (1) 06/08/2025 Common Stock 11,155 $ 180.82 D  
Non-qualified Stock Option (Right to Buy)   (1) 06/06/2026 Common Stock 13,225 $ 162.82 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Cunningham David L Jr
3610 HACKS CROSS ROAD
BUILDING A, 3RD FLOOR
MEMPHIS, TN 38125		       President / CEO FedEx Express  

Signatures

/s/ David L. Cunningham Jr. 02/01/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These options first exercisable one year from date of grant.

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